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Smartkem, Inc. balance sheet

At the end of fiscal 2025, Smartkem, Inc. had total assets of $2.3m, total liabilities of $6.2m and shareholders' equity of −$3.9m. It held $374,000 in cash against $928,000 of debt: net debt of $554,000.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents11249704
Receivables0—00—0—
Total current assets2146119210
Total assets3158119210
Accounts payable0100140
Deferred revenue (current)———000—
Total current liabilities1212261
Long-term debt0——————
Total debt0—00010
Total liabilities1223261
Shareholders' equity214687−410
Net debt (negative = net cash)−1−12−4−9−71−4
Shares outstanding————4m7m—

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Smartkem, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Smartkem, Inc.